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3 US Events This Week Could Impact the Crypto Market

3 US Events This Week Could Impact the Crypto Market

HappyCoinNewsHappyCoinNews2025/03/04 01:22
By:HappyCoinNews

US employment reports and Federal Reserve statements this week could have a significant impact on the crypto market.

The second estimate of fourth-quarter GDP confirmed that the U.S. economy grew at a robust 2,3%, driven largely by consumer and government spending.

That is why financial circles are hoping that the next Fed meeting, which will take place in 16 days, could take place on a positive note.

Monday also sees the release of the February ISM Manufacturing PMI, a measure of business activity in the U.S. manufacturing sector, which serves as an indicator of overall economic conditions.

The ISM Services PMI for February is due out on Wednesday. The figures measure business conditions in the services sector, which accounts for more than 70% of U.S. GDP.

There are several labor market reports due out this week, including nonfarm payrolls, initial jobless claims and the February jobs report on Friday.

Finally, there are nine Federal Reserve speakers this week that will help determine the likelihood of a rate cut on March 19. However, according to the CME Fed Watch Tool, there is a 95% chance that rates will remain unchanged.

EN @happycoinnews
EN @happycoinnews_en
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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